BDSwiss – Must Read Review Of Leading Binary Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

BDSwiss review – is BDSwiss a scam?

If you’re searching for an efficient and user-friendly trading platform to invest with, BDSwiss could be the broker for you.

We have received a lot of emails asking for a BDSwiss review and to see if it is a scam or a legit broker. So we have finally put together this review!

In this guide you can read about this broker, its benefits, the demo account and how to make a withdrawal.

This review will also take a thorough look at the broker’s professional trading platform.

Read this BDSwiss review to learn more info about the broker. Many other traders interested in forex trading have already done, some have then opened a trading account with BDSwiss.

For now though, let’s get started!

Click here to open your first BDSwiss trading account.

  • 0 commissions
  • Professional platform with low spreads
  • Slow support service
  • Missing some cryptocurrencies

BDSwiss Availability

BDSwiss is a global online broker that is available in many countries. Currently it is offered across Europe and the United Kingdom. It’s also available in Australia, New Zealand, the Middle East and Latin America.

The broker is also allowed in Asia, but it’s important to know that there are some Asian countries where it isn’t available. Countries where the broker isn’t allowed include China, North Korea, Japan and Indonesia.

However the good news is that the broker has been reviewed and is available in other Asian countries such as India, Malaysia, Thailand, Vietnam, Hong Kong and Singapore.

As for the USA and Canada though, unfortunately BDSwiss is not available for residents there presently.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Is BDSwiss a Scam or Safe?

When you start trading, one of the most important things to do is to open an account with a secure broker.

To make sure that your broker is secure, they must be regulated with an official regulation authority. This ensures that the broker follows the correct industry standards put in place to protect users.

A regulated broker offers safety and security to traders, so you don’t have to be worried about fraud or scams. It is the unregulated brokers that you need to stay away from!

BDSwiss is regulated by the following regulating authorities:

  • CySEC, the main authority regulation in forex&CFDs trading. Its license number is no. 199/13 and has the registration no. HE 300153.
  • FSC (Financial Services Commission of Mauritius). License no. C116016172 and company registration no. 143350

We can guarantee you that BDSwiss is a trustable and regulated broker in our review. Most importantly it is not a scam.

Trading with this broker is secure and you don’t risk any financial scam or fraud.

BDSwiss Awards

We always like to examine whether a broker has won any awards at all. It’s important because it shows if a broker has excelled in any area, which has been recognised and awarded by industry experts.

BDSwiss has won 3 very impressive awards which are proudly mentioned on the broker’s homepage.

These are the awards that BDSwiss has received so far:

  • World Finance Awards: 2020 Winner for Best Trading Conditions
  • Mobile Star Awards: 2020 & 2020 Award Winner for Best Trading App
  • Forex Global Awards: 2020 Award Winner for Best Trade Execution

These are all quite impressive wins for BDSwiss, and we must say that we think they are fairly deserved.

For ‘best trading conditions’ it’s true that BD Swiss does not charge a deposit or withdrawal fee, plus they offer very competitive spreads on assets, so this accolade is well-deserved.

The BDSwiss trading app is also very well-designed with the trader fully in mind, so it does not surprise us that it has won the award for two years in a row.

BDSwiss Key Features Review

When compared to other leading online brokers, BDSwiss is one of the most recent brokers to be established.

It was founded a few years ago in 2020 and has become one of the leaders in forex trading and crypto trading.

Let’s review at the main features that make BDSwiss a leading broker choice for users:

  • BDSwiss Minimum Deposit: $200
  • Minimum Trade: 0.01 lots (This broker operates also in MT4)
  • Leverage: up to 1:30 in Europe / 1:400 outside Europe
  • Assets: 250+ (CFDs, Forex, ETFs, Indexes, Cryptocurrencies, Stocks & Commodities)
  • BDSwiss App: Yes
  • Demo Account: Yes
  • Trading Webinars: Yes

Click here to open your first BDSwiss trading account.

As well as these key features, the broker provides a very professional trading platform called MetaTrader4 or MT4 (we’ll talk more about this later in this BDSwiss review). They have also recently provided the MT5 platform as well for their traders. For now though we’ll focus on the MT4.

The MT4 is an online trading interface which can be used either offline or online. It’s possible to download it directly from your BDSwiss account for use on your personal computer.

You can also use the mobile version available for iOS and Android. The MT4 App can be easily found in every App Store.

Many professional traders use it and BDSwiss is one of the brokers offering it.

Another very important feature of this broker is the minimum trade. Trading with this platform allows you to trade very small sizes.

The minimum is 0.01 lots which gives you the opportunity to minimise the risk of your trades. This is great news for traders because you can open more positions which helps to spread and manage the risk.

The last key feature to mention is the amount of assets that BDSwiss has on offer.

There are currently more than 250 different assets to trade with which offers a great amount of choice to its users. In 2020, BDSwiss also introduced crypto trading to its platform.

What to Trade in BDSwiss

In BDSwiss, it’s possible to trade in different CFD assets and financial instruments.

Some of the instruments include traditional ones like Currencies, Indexes, Commodities, Stocks and Cryptocurrencies.

Here is a full asset overview:

  • 125 currency pairs
  • 32 index
  • 32 commodities
  • 68 Stocks
  • 72 cryptocurrencies

Another important feature of BDSwiss is that it’s possible to trade many assets at the same time.

Let’s see now how to open an account with this broker following our review.

How to use BDSwiss

Once you’ve logged into your account and are on the trading platform, you can see that navigating around the platform is very easy. Everything you need is in the top right corner where you can see your name.

In the center of your dashboard, you can find your trading accounts. Here is the demo account plus the real forex trading account.

To start making real trades, you will need make the first deposit in order to start trading.

BDSwiss Trading Platform Review

When it comes to trading though, we wanted in this BDSwiss review to check out it’s platform to see how it functions.

BDSwiss uses a very professional interface which lets you trade directly in the platform or with the MT4 software. Let’s see now how to trade forex in BDSwiss.

In both cases to open a position, you need to follow the same steps.

It’s important to mention here that this broker has the same leverage for every position you open. It’s possible to set the leverage directly on your dashboard before starting to trade.

The maximum leverage is 1:400 for international traders outside Europe & 1:30 for European traders.

As you can see from the picture, shown in the left sidebar are all the assets you can choose from.

You just need to select the one you want or just search for it in the top search bar.

Once you have found and selected the asset, you can open the position. It’s always a good idea to open the chart first by clicking on ‘chart’, so you can have a better overview of that market’s trend.

To open a position you need to select the volume in lots as you can see highlighted by the red square in the picture above.

Afterwards, you can set up the stop loss and take profit parameters just under the red and green buttons.

Finally, you can open your position by clicking on sell (the red button) or buy (the green button).

Once your trades are opened, it’s possible to see an overviews of them in the ‘open positions’ area at the bottom of the page.

Listed at the end of each position, there’s an ‘X‘ symbol. Just click on this if you want to close your position manually.

All the time we have used this platform, we have never had bugs or platform problems, showing how the broker is not a scam.

BDSwiss Demo Account

When you open a trading account with BDSwiss, you can find a demo account in your dashboard.

Offering a demo account is a very important feature of every broker.

The broker offers a free demo account to all new traders. Thanks to this everybody can learn how to use this trading platform. It’s a good way to practice trading and to grow confidence in using the platform.

The demo account has $10.000 of virtual funds available to practice trading with.

There is also the chance to trade in all the assets available as you would find with a real trading account.

This tool is very useful for beginners who don’t have a lot of experience. With a demo account, it’s possible to try out and practice all the different trading strategies available.

You need to remember that trading with a demo account means using virtual money. So on a demo account, you can’t lose any real money.

However you must remember that because the profits are not real, you cannot make a withdrawal of real money.

Click the button below to open a free demo account without any deposit required.

BDSwiss Education

BDSwiss also offers free webinars and live-trading sessions . Which is a key feature that separates it from other important brokers.

This means that the broker teaches to all interested traders how to trade. These online trading classes are open to all traders.

The classes deal with various topics, from the basic concepts of forex to the more advanced trading strategies.

Many of these classes are totally for free.

Every class is less than 30 minutes long, so you won’t need to spend all day learning.

With the webinars, BDSwiss also offers live-trading sessions.

In a live-trading session, there is an expert trader showing how to trade live in real time. You just need to log in to your account and sign up for the next session.

Usually, they are done during very important situations affecting the market, such as the American elections or Brexit.

Also, this feature is very useful because it gives the opportunity to learn and copy in real time trades that are opened by professionals.

Click here to open your first BDSwiss trading account.

BDSwiss Binary Options

A lot of people still associate the name of BDSwiss with binary options. As you have read in this BDSwiss review, the broker does not offer that product since April 2020.

If some brokers are still offering them in Europe, please avoid them because it’s a scam!

After the new ESMA regulations came into place in 2020, which banned binary options in Europe, all the regulated online trading platforms removed binary options from their product lists.

BDSwiss has removed binary options from its platform before a lot of other brokers, instead focusing more on Forex&CFDs. This shows how serious the broker has become about protecting traders.

So to avoid all the scams around the web, avoid unregulated brokers and binary options!

BDSwiss Cryptocurrency Trading

Like all the best brokers on the market, BDSwiss also introduced the opportunity to trade cryptocurrencies as CFDs.

In 2020 the broker added between its assets these new cryptocurrency trades:

  • USD/BTC
  • EUR/BTC
  • USD/ETH
  • EUR/ETH
  • USD/LTC
  • EUR/LTC
  • BTC/GBP
  • BTC/JPY

Click here to open your first BDSwiss trading account.

Besides these there are also many more. These are the acronyms for the American Dollar, Euro, Bitcoin, Ethereum and Litecoin. For example USD/BTC is US Dollar against Bitcoin.

The broker offers the opportunity to trade them with all the major normal currencies in the world (British Pound, Yen, Australian Dollar, etc.).

To find these assets you just need to look in the assets list for the category ‘crypto’ and in there will be the full list of them.

Another very interesting point about BDSwiss is that it’s possible to make a deposit and withdrawal directly using Bitcoin.

BDSwiss Metatrader 4 Review

BDSwiss supports 2 different trading platforms: one is its own web version and the other is Metatrader 4.

Their own trading platform is available on the web or via the trading App. It is very simple to use.

To open a position you need to select a market, decide to buy or sell, set the amount of money to invest then select a take profit and stop loss level in the ‘advanced section’. After this has been completed you can finally open the trade.

For the Metatrader 4 version, you need to connect your BDSwiss trading account with the MT4 by entering your ID Number and Password.

Once that is done, you’ll be able to trade directly in the MT4 platform.

You can select the lots, leverage, take profit and stop loss plus control all the trades directly from the MT4 App or Desktop application.

It’s not possible to make a withdrawal directly from your MT4 account, but you need to login to your BDSwiss account and request the withdrawal from there.

BDSwiss Forex Signals

BDSwiss provides free forex signals to its clients. To receive them you just need to open a trading account with BDSwiss and then log in.

There are a lot of scam signal providers on the internet, but when it’s an official broker offering them, it’s a reason to be sure they’re not a scam.

Once you are in your trading dashboard, at the bottom there is a list of forex signals available.

It’s possible to find the entrance price, the stop loss and take profit there. You can also see the stats for the previous signals.

This is an important point in this BDSwiss review because the broker provides help to traders for free. The signals can be tested in the demo account too, so there is no pressure to use real funds to test them.

BDSwiss App

In this BDSwiss review we also wanted to mention its mobile App. This is because the broker has launched its new mobile App for forex trading and crypto trading.

The App has a very user-friendly interface and with just a few steps it’s possible to open and close a position.

The App can be downloaded directly from every trader account and it works perfectly for Android and iOS devices.

From the App, it’s possible to make a deposit and a withdrawal too. However, the best bit is that it’s totally free to download and use the App.

With today’s busy lifestyle, it’s a fact that most people can’t spend a lot of time in front of their laptop. Whereas trading with a mobile App allows you to trade from whatever place you may be.

This is another point showing that the broker is not a scam and is a legit online broker when they have developed free trading Apps to assist their clients.

How to Open an Account

Opening an account with BDSwiss is incredibly easy.

First, you’ll need to sign up to create an account with the broker. To make it easier for you, you can also sign up by clicking on the green button above.

The BDSwiss sign up process is quite fast, you just need to provide some personal info such as name and phone number.

Next you need to enter your email and password that you are going to use to log in with.

Finally, you just need to agree with the general Terms & Conditions and click on the ‘submit’ button.

The process is very simple and fast, in less than 1 minute you’ll have your BDSwiss account.

It is free to sign up for a BDSwiss account and you don’t have to make a deposit to open a trading account.

Remember that it’s also possible to log into your account without needing to deposit funds. However, if you want to start making trades you’ll need to deposit the minimum amount required.

Please see further in this review the section called ‘BDSwiss Deposit’ to learn more about the minimum deposit and how to make one.

One other important thing to note is that to deposit and make withdrawals, your account must be fully verified. Let’s have a look now at how to do this.

Account Review and Verification

As a regulated broker, BDSwiss requires you to have your account verified. This is needed not only to fulfil legal purposes but to also ensure client protection. It also helps to prevent scams and fraudulent accounts.

You’ll need provide a fully scanned copy document of 1 Proof of Identification (POI) and 1 Proof of Address (POA) to become verified.

  • A POI could be: A valid Passport, Identity Card or Driving License
  • A POA could be: Credit Card/Bank statement or a Utility Bill

If you have any questions about the process at all, feel free to reach out to the customer support team at anytime.

The last step is that BDSwiss will conduct an appropriateness test. This is done to also help client protection and to see how much trading knowledge a user has. So it’s important to answer the questions as truthfully as possible.

BDSwiss Deposit

It’s easy to make deposit with BDSwiss using one of the following methods:

  • Credit Card- Visa or Mastercard
  • Skrill or Neteller
  • Bitcoin and Ethereum
  • Bank / Wire Transfer
  • Prepaid cards
  • Local payment methods

BDSwiss is one of the first brokers that lets you make a deposit with cryptocurrencies. Currently, the broker accepts Bitcoin, Ethereum and Bitcoin Cash.

(Click here if you want to learn more about cryptocurrency trading).

The fastest way to deposit is with credit card or by using one of the Moneybookers. Making a deposit by wire transfer takes usually 4 working days.

To make the deposit go to the ‘My accounts‘ section on your trading dashboard. Select the account that you wish to make a deposit in and click on the ‘Deposit‘ button.

Next enter the desired amount and the payment method to finish.

BDSwiss Minimum Deposit

Most people think that to trade forex you need to have a lot of money, however, the minimum deposit with BDSwiss is only $200.

This combined with the minimum trade of just 0.01 lots gives you the opportunity to open many positions whilst investing only a small part of your trading budget.

For the convenience of users, you can make the deposit in the following currencies:

USD($) EUR(€) GBP(£) PLN(Zł) DKK(Kr) SEK(Kr) CHF(Fr.) & NOK(Kr)

You can select your preferred currency when you open your account.

Please note that the currency amount needs to be equivalent in value to the $200 minimum deposit.

Click here to open your first BDSwiss trading account.

7 Binary Options

Like any type of activity that involves money changing hands between people and businesses, these types of transactions often lure some less than honorable people into the business. Binary options trading is certainly not immune to this problem.

As a matter of fact, there have been several binary options websites that people have labeled as simply being a scam. BDSwiss does everything in its power to make sure they do not become one of these un-reputable sites.

Scams have always been out there as far as binary options trading is concerned. People are trusting by nature and a lot of businesses pray on this at times. It is a shame that there are such low morale business practices in the world that look to exploit honest people’s good natures.

It is part of the reason why most binary options brokers have tightened their site security measures and sought out reputable exchange commissions to approve of the way they do business. BDSwiss falls under the strict regulation of none other than the renowned CySEC (License Number 199/13). It is among the leading agencies for monitoring European Union binary options brokers.

The internet, although at one time facilitated the ease of scams, is helping to make sites be more reputable because now the word spreads quickly when binary options sites are thought of as being scams. Sites such as BDSwiss are well aware of this and they do everything in their power to avoid this type of reputation; as a matter of fact, not only has BDSwiss never been accused of being a scam, but it gets very few complaints in general for a site that has so many traders using it. It operates with the goal of being a site that wants to be seen as one that is both professional and trustworthy.

It is not always easy for a binary options broker to retain a clean reputation, but BDSwiss does a nice job of it. Through the combination of operating the website with a lot of integrity and being regulated by CySEC, they have an almost impeccable record for being a fair and secure binary options trading site.

Their license number with CySEC, 199/13, is one they are proud to say has never been associated with any type of scam or hidden fees practices. It is a website that continues to grow because of the way they have proved their reliability time and time again to those who trade with them. This fact alone gives those that trade on BDSwiss a lot of peace of mind.

BDSwiss is truly a binary options broker that has sought to set itself very far apart from unscrupulous business practices. They have earned the type of reputation that a lot of other binary options brokers can only aspire to. The BDSwiss website has proved itself not only to be safe and secure, but also a website that does everything in its power to help those that trade on it to become successful investors too.

FXTM Review and Tutorial 2020

Go to the Brokers List for alternatives

FXTM Facts & Figures

FXTM Are leading forex and CFD brokers. Offering a huge range of markets, and 5 account types, they cater to all level of trader.

Awards
• Best ECN Broker 2020 – DayTrading.com

FXTM Offer forex trading on a huge range of currency pairs. Spreads can be as low as 0.1 with the ECN Account types.

FXTM offer crypto trading via Exinity Limited Instruments offered are based on your country of residence.

Bonus 30% Up to $100 via Exinity Ltd
Instruments CFD, Forex, Crypto, Stocks
Demo Account Yes
Min. Deposit From $10
Min. Trade 0.01 Lots
Regulated By FCA, CySec, FSCA, FSC of the Republic of Mauritius
MT4 Integration Yes
Mobile Apps iOS, Android and Windows
Auto Trading Yes, via FXTM Invest or EAs
Trade Signals Yes
Islamic Account Yes
CFD
FTSE Spread 1.3 pts
GBPUSD Spread 0.3 (var)
Oil Spread 9 pts (var)
Stocks Spread 0.1% Var
Forex
GBPUSD Spread 0.3 (var)
EURUSD Spread 0.1 (var)
EURGBP Spread 0.2 (var)
Assets 50+
Cryptocurrency
Spread BTC 200, ETH 200
Coins BTC, ETH, LTC, XRP

FXTM Review – FXTM are a leading forex and CFD broker. This review details their service, including account types, the trading app, the demo account and of course the trading platform, including MT4. We also list any current bonus offers and key comparison data such as min deposit and min trade amounts. Read on and login today.

Trading Platform

FXTM offers a range of trading platforms. Desktop or laptop users can choose from Metatrader 4 or Metatrader 5. These are the go-to platforms for trading, with an excellent reputation.

Metatrader 5 is available for download use on laptops or desktops, but not for small screen users, who will need to continue with Metatrader 4. Both Metatrader versions are easy to navigate and include shortcuts which make opening and/or closing trades fast and straight-forward.

Metatrader 5 offers the following added benefits to those provided by Metatrader 4:

  • Improved number of order execution types (4 as against 3).
  • MT5 has an edit function for trades, as well as an increased number of pending orders available.
  • There are a significantly larger number of technical indicators (38 as against 30), graphical objects (44 as against 31) and time frames (21 as against 9).
  • MT5 also incorporates an economic calendar.
  • MT5 also has an intriguing community chat feature, which allows traders to communicate with one another.

Mobile users can take advantage of the Metatrader 4 app, which is available in a format suitable for both Android and iOS devices.

MT4 Webtrader is also available for use on PCs and MACs. This is a software free version that’s web-based. This means that traders can simply log on and start trading – there’s no need to download anything first.

Assets / Markets

Instruments offered will vary based on country of residence of the Trader.

FXTM offers opportunities to trade in the following markets:

  • Forex
  • Cryptocurrencies (Bitcoin, Ethereum, Litecoin etc) Note: FXTM offer crypto trading via Exinity Limited – Instruments offered are based on your country of residence.
  • CFDs for Indices and Commodities (FTSE, DAX, Nasdaq etc)
  • Spot metals (Gold, Silver)
  • Shares CFDs (Apple, BP, Google etc)

FXTM Mobile App And Trading Platforms Incl MT5

Spreads & Commission

Commission percentages are relatively low for Forex traders and around the industry average for CFD trades. With ECN account options, spreads can be as low as 0.1 points. With the Standard Account, spreads start a little higher, but remain very competitive.

In this respect, FXTM is a good provider to trade with.

Please note that Spreads are floating and they may increase during specific periods of the day depending on the market conditions.

The company does introduce a number of additional charges that, if they are applied, can make them an expensive choice. For example, there is an inactivity fee, which means that if your account isn’t used for a period of time, a charge is levied.

Leverage

Leverage rates vary depending on the trade being considered.

For the majority of the major Forex pairs, leverage is set at 1:30. These include trades major pairs, such as EURUSD. This is a level imposed by ESMA regulation and is the same across most regulated brokers.

For less commonly traded pairs (minor Forex pairs), leverage is set at 1:20. Such pairs include AUDCAD, EURNOK, EURAUD, NZDUSD, EURPLN and USDSGD.

Metals leverage is as follows: 1:20 for XAUEUR, XAUGBP and XAUUSD. For XAGEUR and XAGUSD, the leverage is 1:10.

Leverage is offered on some indices. For example: 1:5 on USTech100(mini), 1:10 on Spain35

Commodities: leverage of 1:10 is offered on US crude as a spot commodity.

Leverage of 1:5 is offered on CFD US shares.

Note that leverage is not automatically agreed. FXTM will agree leverage based on individual experience, previous trading record, degree of customer loyalty and various other factors.

FXTM Pivot Point Strategy

Mobile Apps

The site offers users the choice of two different apps.

The first one is the mobile app which enables trading via Metatrader 4. This app is available for download in both Android and iOS formats. The app can be downloaded from the site.

This app gives users access to all MT4 functions, enabling effective trading on the move. What it doesn’t do is provide users with access to the enhanced functionality and information which the MT5 platform gives. This can be frustrating for traders who wish to use MT5 on the move, but have no choice but to make do with MT4.

The second app, available from the Apple App store or from Google Play, is the MyFXTM trading app. This is offered in both iOS and Android format. Designed to provide an enhanced trading experience, features include:

  • 250+ financial instruments
  • The ability to modify, open and close positions rapidly
  • A trading dashboard
  • Real-time updates
  • Advanced charting tools
  • Single click trading

This is a great all-round app for mobile trading and is a great addition to the online platforms.

Payment Methods

FXTM offers multiple deposits and withdrawals methods, all geared towards inclusive trading.

Deposits

Deposits can be completed through the following methods:

Some deposit methods have a two-hour processing time, while others are instant. All deposit methods are commission-free.

Minimum deposits vary based on the type of account:

  • Standard Account £/$/€100
  • Cent Account £/$/€10
  • Shares Account £/$/€100
  • ECN Acc MT4 and MT5 £/$/€500
  • ECN Zero Account £/$/€200
  • ECN Pro Account £/$/€25000

Withdrawals

Withdrawals are available using the following methods:

Visa, Maestro and Mastercard: these transactions are usually processed the same working day. The money can be withdrawn in USD, GBP or EUR. Commission is set at 2EUR/3USD/2GBP.

Neteller withdrawals are processed the same working day. Money can be withdrawn in USD, GBP or EUR. No commission is charged.

Similarly, Skrill withdrawals attract no commission and are processed the same working day.

Bank transfers take 24-hours to process and the only available currencies are GBP or EUR. The fees for bank transfers are 10EUR or 5GBP.

If you intend to withdraw cash, the best methods are via a credit card, Neteller or Skrill.

Note that FXTM may ask for additional information before authorising a withdrawal. If this isn’t forthcoming promptly, the withdrawal may take much longer than the stated period.

Demo Account

FXTM offers a high-grade demo account which enables individuals to hone their trading skills before investing their hard-earned cash. Forex is traditionally seen as a risky form of trading, so making sure that you have the correct skills before beginning to “trade for real” is essential.

Demo accounts are available on the Standard, Cent, ECN and ECN Zero Accounts.

FXTM Trading Signals

Deals And Promotions

Several bonuses and promotions are available at Exinity Limited. These include, among others, the 30% Bonus and the FXTM Loyalty Program. Please note that all promotions and contests come with Terms and Conditions.

Forextime Limited and Forextime UK Limited only offer the Loyalty Program (T&Cs apply) which is applicable only to Elective Professional/Professional Clients or Eligible Counterparty.

Education

One of the areas in which FXTM is extremely strong is the amount and calibre of the educational material that is available. Users can select from a comprehensive range of materials, presented in a variety of formats. Resources include webinars, tutorials, articles and a glossary of terms. Topics covered include:

  • Ebooks
  • Forex trading seminars
  • Forex trading webinars
  • Forex glossary
  • What is Forex?
  • Beginners guide to Forex trading
  • Forex trading strategies
  • Educational videos
  • Articles
  • Periodic table

This spread of information provides a wealth of knowledge for both beginner traders and those with some trading experience.

The materials are well-written and easy to follow. The variety of formats mean that there is something suitable for learners with different styles.

In addition, the customer support team are also available to answer trading queries, providing additional support for traders. Particularly when new traders take advantage of the demo account to try out their techniques and strategies before trading live, there is the potential to obtain a good, solid grounding in how trading operates and how best to take advantage of the market.

Whilst study of the educational materials alone is not going to guarantee success, the quality and quantity of material available, as well as the additional tools which traders are offered, back up FXTM’s reputation as a responsible, helpful broker who puts customer care at the heart of what they provide.

Regulation And Licensing

As indicated earlier, FXTM is licensed by CYSEC (the regulatory body for Cyprus) and the FCA (the financial regulatory body for the UK).

In addition, it is also licensed in Belize and South Africa. CYSEC and the FCA are widely recognised as rigorous financial bodies. In order to be regulated and licensed by these authorities, FXTM has to demonstrate a high level of financial accountability and fair, transparent and honest trading.

Full Regulatory Details:

ForexTime Limited ( www.forextime.com/eu ) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475.

Exinity Limited ( www.forextime.com ) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.

Forextime UK Limited ( www.forextime.com/uk ) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.

Additional Features

In addition to the other benefits which FXTM provide, they also offer free trading tools and daily commentaries from the FXTM team of experts.

A loyalty programme is in operation at FXTM: regular customers who sign up to the loyalty programme are able to benefit from a reduction in trading fees on every trade that they complete.

The loyalty programme is divided into five different levels, or tiers. Which tier a customer is in depends on the amount that they deposit. The bigger the deposit, the higher the discount they can expect to enjoy on each trade.

  • Level 1 of the loyalty programme (for investors with a balance between $0 and $4,999) can enjoy savings of $300 ($1 on 0-100 lots, $2 on 100+ lots).
  • Level 2 traders (with a balance of $15,000 to $49,999), can enjoy a maximum saving of $1,500 (or the equivalent in GBP or Euros).
  • Level 3 traders (who have a balance of $50,000 to $99,999), can expect to enjoy $3 off 0-100 lot trades and $4 off 100+ lot trades, to a maximum of $3,000.
  • For Level 4 traders who have deposited $100,000 to $149,999, the discounts are $4 on 0-100 lots and $5 on 100+ lots, to a maximum of $6,000.
  • Finally, Level 5 traders (the top tier of the loyalty programme, where balances are $150,000+) can benefit from $5 off every trade (both 0-100 lots and 100+ lots) to a maximum of $10,000. This loyalty programme has the advantage of being a direct, cash discount, rather than virtual points or similar.

The site also offers regularly updated commentary on various aspects of trading by FXTM experts. FXTM is frequently quoted on trading sites and in the media, as they are recognised as providing high-calibre insights. This wealth of expertise may give FXTM traders an advantage when it comes to making informed decisions about their trading options.

Account Types

FXTM offers the following accounts:

  • Standard Account: This account is also available without the SWAP option; fixed leverage for each instrument; fast actioning; hedging is permitted; narrow floating spreads; all commission is clearly displayed; offered in three different currencies – euros, pounds sterling and US dollars.
  • Cent Account: Fixed leverage for each instrument; the account also comes without SWAP; narrow floating spreads; rapid execution; rigid leverage for each instrument; the units of currency are UK pennies, USD cents and Euro cents; Single cent lots are available.
  • Shares Account: This account does not charge commission; over 170 US shares on offer; rapid transactions; hedging is permitted; three currencies offered (GBP, USD and EUR); the fixed leverage ratio is 1:5, and an account without SWAP can be opened if required.
  • ECN Zero Account: Narrow floating spreads; static leverage for each instrument; both scalping and hedging are permitted; no SWAP option available; the account doesn’t allow re-quotes.
  • ECN Account: Euros, pounds and US dollar options available; spreads start as low as 0.11; commission commences from a low $4; permitted scalping and hedging; no SWAP choice on offer; re-quotes aren’t permitted.
  • FXTM Pro Account: Zero commission; really rapid market execution without re-quotes; SWAP free account with these benefits is also available; direct access to liquidity from high-calibre providers; zero last-look pricing; fixed leverage.

This range of accounts covers the needs of most customers, including Islamic customers. All accounts offer a good range of benefits and can be tailored to suit individual requirements.

Benefits

– FXTM is well-known for having excellent customer care, providing a prompt, helpful and accessible service.
– They are tightly regulated, enabling traders to deposit with confidence.
– The selection of educational tools available is exceptionally good.
– Many commentators feel that their Forex fees are highly competitive.

Drawbacks

– Bank account withdrawals attract a relatively high fee.
– Some of the charges for larger trades can be confusing.

Trading Hours

The actual site is open 24/7/365. That said, not all markets are open all the time! This means that trading is limited to those hours when the markets under consideration are open.

For example, the Forex market in London is from 3am to 12 noon; New York is 9am to 5pm; Sydney is 5pm to 2am, and the Tokyo market is open from 7pm to 4am (all times are GMT).

Company Details

FXTM (also known as Forextime) was set up in 2020, and was originally constituted and regulated in Cyprus by the Cypriot Securities and Exchange Commission. As well as offices in Cyprus, the company has had a UK presence since 2020.

Currently, with offices in London, FXTM is also licensed and regulated by the UK’s Financial Conduct Authority (FCA). It is also licensed in South Africa and regulated by the FSC of the Republic of Mauritius. The company is well-known and considered by many commentators to be a leading player in the Forex trading field.

This is in part due to its longevity, but also due to its FCA and CYSEC registrations, both of which are considered to be some of the toughest and most rigorous in the world.

The company provides an attractive trading environment for both novice and more experienced traders. That said, there is potential for traders who tend to regularly utilise large trades to pay additional charges which aren’t levied on other platforms.

Contact Details / Customer Support

European operating hours are from 8am to 8pm. During this time, customers can get in touch with the customer care team by phone, email, post or via a number of different online chat options (Whatsapp; live chat; Viber; Telegram; or Messenger). Customers can also request a callback.

The European phone number for FXTM is: 020 3514 1251.

The email address is: [email protected]

Safety And Security

  • The site uses Encryption software to ensure users privacy and security
  • Protection of client’s funds in segregated accounts in top tier banks
  • Registration of various clients in Investor compensation fund

The suite of IT security measures, coupled with the customer protections necessary for FCA compliance, ensure that traders who use FXTM are well-protected against theft of funds or data.

Overall Verdict

An established trading platform and broker, FXTM offers a number of significant advantages over many competitors.

Crucially, it is regulated by the FCA. This not only provides UK customers with plenty of protection, it also shows that the company is one that is run in a transparent and accountable manner.

The site places a heavy emphasis on education and customer care – this is a site that takes its responsibilities to its customers seriously. It’s also a site that has a good range of trading platforms and accounts – no matter what type of trader you are, there’s an account which is suitable for your needs.

Fees are, on average, in the low to medium range. The range of options by which traders can get in touch with customer support is outstanding.

The loyalty programme is also an advantage, as a direct discount is applied to every trade, bringing a fast reward. That said, the higher levels do require a substantial amount of investment in order to qualify, meaning it’s unlikely that rookie traders or those without considerable assets are going to enjoy much of a loyalty reward.

With so many benefits, it’s little wonder that this is a popular, well-established site which has stood the test of time.

Accepted Countries

FXTM accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use FXTM from United States, Canada, Japan, Mauritius, Puerto Rico, Korea, Haiti, Suriname.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Like this post? Please share to your friends:
Binary Options Trading Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: